Sun Country Airlines (NASDAQ:SNCY) Downgraded by Zacks Research to “Strong Sell”

Sun Country Airlines (NASDAQ:SNCY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research report on Tuesday, January 13th. Wolfe Research cut Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 20th. Susquehanna raised shares of Sun Country Airlines from a “neutral” rating to a “positive” rating and upped their target price for the company from $12.00 to $20.00 in a report on Friday, January 9th. Citigroup upped their target price on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, March 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sun Country Airlines in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.29.

Sun Country Airlines Stock Up 4.1%

SNCY opened at $17.97 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average price of $18.19 and a 200-day moving average price of $15.38. Sun Country Airlines has a twelve month low of $8.10 and a twelve month high of $22.29. The stock has a market capitalization of $973.79 million, a price-to-earnings ratio of 18.72, a PEG ratio of 0.61 and a beta of 1.59.

Sun Country Airlines (NASDAQ:SNCY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $280.96 million during the quarter, compared to analysts’ expectations of $272.98 million. Sun Country Airlines had a net margin of 4.69% and a return on equity of 8.92%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. Equities research analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current year.

Institutional Trading of Sun Country Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of SNCY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sun Country Airlines by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,487 shares of the company’s stock worth $289,000 after buying an additional 1,014 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Sun Country Airlines by 6.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,167,547 shares of the company’s stock worth $14,384,000 after buying an additional 74,558 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Sun Country Airlines by 2.0% in the first quarter. Empowered Funds LLC now owns 228,893 shares of the company’s stock worth $2,820,000 after purchasing an additional 4,569 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Sun Country Airlines in the first quarter worth $88,000. Finally, Creative Planning increased its stake in shares of Sun Country Airlines by 115.3% in the second quarter. Creative Planning now owns 34,728 shares of the company’s stock worth $408,000 after purchasing an additional 18,596 shares in the last quarter.

Sun Country Airlines Company Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.